10 Attributes of Data Driven Organizations

If Self-Service BI is the practice, then part of the goal should be to become a Data-Driven Organization? The Economist completed some key research on data-driven organizations,

Eleven percent of respondents state that, in comparison to peers, their organization makes “substantially” better use of data. But top-performing companies comprise more than a third of this group, demonstrating the connection between data driven decision-making and organizational performance.

What it Means to be "Data-Driven"

A Data-Driven Organization is a cultural statement. So what does this "look like"?

  • People ask good questions, challenge assumptions, and have healthy debates on making improvements, investments, or other changes.

  • Many people in the organization have the skills, access to data, and some expertise with BI tools to perform data discovery tasks and successfully extract insights from data.

  • Meetings kick off with a display, discussions, and dive into data first to help shape opinions and the dialogue around facts.

  • Presentations reference their data sources - and these data sources are available to appropriate people in the organization to review, challenge, and conduct follow-up analytics.

  • The IT organization provides a defined set of data management and BI services to assist the organization in its discovery efforts.

  • A defined business strategy helps people focus their data discovery efforts.

  • There are already efforts to drive organizational changes, improve communications, and get "bottoms up" contributions. Becoming "data-driven" is a key, but not the only cultural priority.

  • Efforts to leverage data in decision-making have measurable results - improvements in operations, sales, new revenue-generating products, happier customers, etc.

  • Data is shared and leveraged across different businesses, organizations, and products.

  • There is the priority, demand, and hunger to address data quality issues, integrate multiple data sources, capture new types of data, and leverage third-party data to become smarter, faster, and more competitive.

Good enough? Suggestions?

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About Isaac Sacolick

Isaac Sacolick is President of StarCIO, a technology leadership company that guides organizations on building digital transformation core competencies. He is the author of Digital Trailblazer and the Amazon bestseller Driving Digital and speaks about agile planning, devops, data science, product management, and other digital transformation best practices. Sacolick is a recognized top social CIO, a digital transformation influencer, and has over 900 articles published at InfoWorld, CIO.com, his blog Social, Agile, and Transformation, and other sites. You can find him sharing new insights @NYIke on Twitter, his Driving Digital Standup YouTube channel, or during the Coffee with Digital Trailblazers.